Davide Radi

Recent Events:

The international conference Progress on Difference Equations (PODE 2023) will be held at the Catholic University of the Sacred Heart of Milan, from 29 to 31 May 2023. Webpage of the Event: PODE2023

The PhD School 18th SICC International Tutorial Workshop "Topics in nonlinear dynamics" Smooth and Nonsmooth Maps: Theory, Numerical Methods, and Applications to Economics and Finance, will be held at the Catholic University of the Sacred Heart of Milan, from 29 to 31 May 2023. Webpage of the Event: MapEF23

Refereed Journal Publications:

1. A 2D piecewise-linear discontinuous map arising in stock market modeling: Two overlapping period-adding bifurcation structures, with L. Gardini, N. Schmitt, I. Sushko and F. Westerhoff. Chaos, Solitons & Fractals, forthcoming.
2. Pricing Transition Risk with a Jump-Diffusion Credit Risk Model: Evidences from the CDS market, with G. Livieri and E. Smaniotto. Review of Corporate Finance, forthcoming.
3. Insights on the Theory of Robust Games, with G. P. Crespi and M. Rocca. Computational Economics, forthcoming.
4. Sentiment-driven business cycle dynamics: An elementary macroeconomic model with animal spirits, with L. Gardini, N. Schmitt, I. Sushko and F. Westerhoff, Journal of Economic Behavior & Organization, forthcoming.
5. Border collision bifurcations in a piecewise linear duopoly model, with L. Gardini, Journal of Difference Equations and Applications, forthcoming.
6. An asset pricing model with accuracy-driven evolution of heterogeneous expectations, with M. Anufriev, F. Lamantia and T. Tichy. Communications in Nonlinear Science and Numerical Simulations, 117, 106975, 2023.
7. Currency manipulation and currency wars: Analyzing the dynamics of competitive central bank interventions, with L. Gardini, N. Schmitt, I. Sushko and F. Westerhoff. Journal of Economic Dynamics and Control, 2022, 45, pp. 104545.
8. Perception of fundamental values and financial market dynamics: Mathematical insights from a 2D piecewise linear map, with L. Gardini, N. Schmitt, I. Sushko and F. Westerhoff. SIAM Journal on Applied Dynamical Systems, 21(4), 2022.
9. Causes of fragile stock market stability, with L. Gardini, N. Schmitt, I. Sushko and F. Westerhoff, Journal of Economic Behavior & Organization, 2022, 200, pp. 483–498.
10. Catastrophic and systemic risk in the non-life insurance sector: A micro-structural contagion approach, with G. Torri and H. Dvorácková, Finance Research Letters, 2022, 47(Part B), 102718.
11. Hybrid evolutionary oligopolies and the dynamics of corporate social responsibility, with T. Tichý and F. Lamantia, Journal of Economic Interaction and Coordination, 2022, 17(1), pp. 87–114.
12. A revised version of the Cathcart & El-Jahel model and its application to CDS market, with V. P. Hoang, G. Torri and H. Dvorácková, Decisions in Economics and Finance, 2021, 44(2), 669–705.
13. Hybrid dynamics of multi-species resource exploitation, with T. Tichý and F. Lamantia, Decisions in Economics and Finance, 2021, 44(2), 559–577.
14. Offshoring, reshoring, unemployment and wage dynamics in a two-country evolutionary model, with F. Lamantia and G.I. Bischi, Macroeconomic Dynamics, 2021, 25(3), 705–732.
15. Residential segregation: The role of inequality and housing subsidies, with P. Harting, Journal of Economic Behavior & Organization, 2020, 178, 801–819.
16. Chaos, border collisions and stylized empirical facts in an asset pricing model with heterogeneous agents, with M. Anufriev and L. Gardini, Nonlinear Dynamics, 2020, 102, 993–1017.
17. Modeling CDS spreads: A comparison of some hybrid approaches, with L. V. Ballestra and G. Pacelli, Journal of Empirical Finance, 2020, 57:107–124.
18. On the Numerical Solution of Ordinary, Interval and Fuzzy Differential Equations by Use of F-Transform, with L. Sorini and L. Stefanini, Axioms, 2020, 9(1):15.
19. Does the ‘uptick rule’ stabilize the stock market? Insights from Adaptive Rational Equilibrium Dynamics, with F. Dercole, Chaos, Solitons & Fractals, 2020, 130:109426.
20. Valuing strategic investments under stochastic interest rates: A real option approach, with L. V. Ballestra and G. Pacelli, Corporate Ownership and Control, 2019, 16(3):89–97.
21. Some reflections on past and future of nonlinear dynamics in economics and finance, with M. Anufriev and F. Tramontana, Decisions in Economics and Finance, 2018, 41(2), 91–118.
22. Piecewise smooth model of evolutionary game for residential mobility and segregation, with L. Gardini, Chaos: An Interdisciplinary Journal of Nonlinear Science, 2018, 28(5), 055912.
23. Evolutionary technology adoption in an oligopoly market with forward-looking firms, with F. Lamantia, Chaos: An Interdisciplinary Journal of Nonlinear Science, 2018, 28(5), 055904.
24. On the stochastic sensitivity and noised-induced transitions of a Kaldor-type business cycle model, with I. Bashkirtseva, L. Ryashko and T. Ryazanova, Computational Economics, 2018, 51(3), 699–718.
25. Walrasian versus Cournot behavior in an oligopoly of boundedly rational firms. Journal of Evolutionary Economics, 2017, 27(5), 933–961.
26. Robust games: Theory and application to a Cournot duopoly model, with P. G. Crespi and M. Rocca, Decisions in Economics and Finance, 2017, 40(1-2), 177–198.
27. Valuing investment projects under interest rate risk: Empirical evidence from European firms, with L. V. Ballestra and G. Pacelli, Applied Economics Incorporating Applied Financial Economics, 2017, 49(56), 5662–5672.
28. Computing the survival probability in the Madan-Unal credit risk model: Application to the CDS market, with L. V. Ballestra and G. Pacelli, Quantitative Finance, 2017, 17(2), 299–313.
29. A note on Fergusson and Platen: "Application of maximum likelihood estimation to stochastic short rate models”, with L. V. Ballestra and G. Pacelli, Annals of Financial Economics, 2016, 11, 1650018 (7 pages).
30. A very efficient approach to compute the first-passage probability density function of the time-changed Brownian motion: Application to finance, with L. V. Ballestra and G. Pacelli, Physica A: Statistical Mechanics and its Applications, 2016, 463, 330–344.
31. A very efficient approach for pricing barrier options on an underlying described by the mixed fractional Brownian motion, with L. V. Ballestra and G. Pacelli, Chaos, Solitons & Fractals, 2016, 87, 240–248.
32. Evolutionary competition between boundedly rational behavioral rules in oligopoly games, with F. Lamantia and Lorenzo Cerboni Baiardi, Chaos, Solitons & Fractals, 2015, 79, 204–225.
33. Entry limitations and heterogeneous tolerances in a Schelling-like segregation model, with L. Gardini, Chaos, Solitons & Fractals, 2015, 79, 130–144.
34. On a discrete-time model with replicator dynamics in renewable resource exploitation, with G. I. Bischi and L. Cerboni Baiardi, Journal of Difference Equations and Applications, 2015, 21(10), 954–973.
35. Use of Chebyshev Polynomial Kalman Filter for pseudo-blind demodulation of CD3S signals, with Y. Moussa, L. Gardini and V. Freschi, International Journal of Control, Automation, and Systems, 2015, 13(5), 1–8.
36. An evolutionary Cournot model with limited market knowledge, with G.I. Bischi and F. Lamantia, Journal of Economic Behavior & Organization, 2015, 116, 219–238.
37. Valuing strategic investments under stochastic interest rates: A real option approach, with L. V. Ballestra and G. Pacelli, International Journal of Management Cases, 2015, 17(4), 35–44 (Special issue 13th SGBED Conference).
38. Exploitation of renewable resources with differentiated technologies: An evolutionary analysis, with F. Lamantia, Mathematics and Computers in Simulation, 2015, 108, 155–174.
39. The role of constraints in a segregation model: The asymmetric case, with L. Gardini and V. Avrutin, Discrete Dynamics in Natural and Society, Article ID 569296, 2014.
40. The role of constraints in a segregation model: The symmetric case, with L. Gardini and V. Avrutin, Chaos, Solitons & Fractals, 2014, 66, 103–119.
41. Reaching consensus on rumors, with U. Merlone, Physica A: Statistical Mechanics and its Applications, 2014, 406, 260–271.
42. A prey-predator fishery model with endogenous switching of harvesting strategy, with G. I. Bischi and F. Lamantia, Applied Mathematics and Computation, 2013, 219(20), 10123–10142.
43. Multi-species exploitation with evolutionary switching of harvesting strategies, with G. I. Bischi and F. Lamantia, Natural Resource Modeling, 2013, 26(4), 546–571.
44. An extension of the Antoci–Dei–Galeotti evolutionary model for environment protection through financial instruments, with G. I. Bischi, Nonlinear Analysis: Real World Applications, 2012, 13(1), 432–440.
45. Financial tools for the abatement of traffic congestion: A dynamical analysis, with A. Antoci and M. Galeotti, Computational Economics, 2011, 38(3), 389–405.

Editorials:

Foreword of the Special Issue: Nonlinear Models and Tools in Economics, Finance and Social Sciences, with L. Gardini and F. Tramontana. Communications in Nonlinear Science and Numerical Simulations, 2023, 119, 107078.
Foreword of the Special Issue: Nonlinear Economic Dynamics (2019), with L. Gardini and F. Tramontana. Journal of Economic Interaction and Coordination, 2022, 17(1), 1-2.
Nonlinear dynamics in economic modelling, with L. Gardini, F. Lamantia, F. Szidarovszky and F. Tramontana. Decisions in Economics and Finance, 2021, 44(2), 485–487.
Proceedings of the MDEF (Modelli Dinamici in Economia e Finanza – Dynamic models in economics and finance) workshop, Urbino 6th–8th September 2018, with L. Gardini and F. Tramontana. Chaos, Solitons & Fractals, 2020, 132, 109523.

Refereed Conference Proceedings:

A quantitative assessment of interest rate uncertainty in real option analysis, with L.V. Ballestra and G. Pacelli. In: Corporate Governance: Search for the Advanced Practices, Rome, 2019. DOI:10.22495/cpr19a1
Evolutionary competition of behavioral rules in oligopoly games with memory, with F. Lamantia. In: Proceedings of the 9th International Scientific Conference on Managing and Modelling of Financial Risks, VŠB-Technical University of Ostrava, Faculty of Economics, Department of Finance, 2018. ISBN 978-80-248-4225-7.
An Asset Pricing Model with Heterogeneous Beliefs: Stubborn versus Fickle Traders, with F. Lamantia. In: Proceedings of the 9th International Scientific Conference on Managing and Modelling of Financial Risks, VŠB-Technical University of Ostrava, Faculty of Economics, Department of Finance, 2018. ISBN 978-80-248-4225-7.
Fuzzy differential equations by fuzzy-transform, with Radi D. and Stefanini. In: Fuzzy Information Processing Society (NAFIPS) held jointly with 2015 5th World Conference on Soft Computing (WConSC), 2015 Annual Conference of the North American, IEEE, Redmond, WA, 2015, pp. 1–6. DOI: 10.1109/NAFIPS-WConSC.2015.7284180.
Minority influence in opinion spreading, with U. Merlone and A. Romano, In: 2015 Winter Simulation Conference (WSC), IEEE, Huntington Beach, CA, pp. 3997 - 4008, DOI:10.1109/WSC.2015.7408554.
Does the volatility of interest rates affect the value of investment projects? A real option investigation, with L. V. Ballestra and G. Pacelli. In: Referred Proceedings of the 13th International Conference of the Society for Global Business and Economic Development Managing the “Intangibles”: Business and Entrepreneurship Perspectives in a Global Context, Ancona 16-18 July 2014 Università Politecnica delle Marche, pp. 137–146 ISBN:978-88-907795-7-2.

Articles in Edited Volumes:

Knowledge spillovers, congestion effects, and long run location patterns, with G.I. Bischi, M. Kopel and F. Lamantia (2017). In, P. Commendatore, M. Kopel, I. Kubin, S. Bougheas, A. Kirman, M. Kopel and G. I. Bischi (eds.) The Economy as a Complex Spatial System, Springer Proceedings in Complexity. Springer, Cham, pp. 192-2015.
Evolutionary oligopoly games with heterogeneous adaptive players, Bischi G.I. and F. Lamantia (2017). In, L. C. Corchón and M. Marini (eds.) Handbook of Game Theory and Industrial Organization, Volume I, Theory. Edward Elgar Publishing, Cheltenham UK and Northampton MA USA, 2018.
Lecture notes on Dynamical Systems in Economics and Finance, with G.I. Bischi and F. Lamantia (2016). In, Bischi G.I., Panchuck A. and Radi D. (eds.) 'Qualitative Theory of Dynamical Systems, Tools and Applications for Economic Modelling'. Springer, Cham, 2016, pp.183-194.
Dynamic Modeling in Renewable Resource Exploitation, with F. Lamantia and L. Sbragia (2016). In, Bischi G.I., Panchuck A. and Radi D. (eds.) 'Qualitative Theory of Dynamical Systems, Tools and Applications for Economic Modelling'. Springer, Cham, 2016, pp. 183-194.
Opinion dynamics on networks, with U. Merlone and A. Romano (2016). In, Commendatore P., Matilla-Garcia, M., Varela, L.M., Cánovas, J.S. (eds.) Complex Networks and dynamics: Social and economics interactions, Lecture Notes in Economics and Mathematical Systems, vol 683. Springer, Cham, 2016, pp. 49–63.

Book Reviews

Continuous and Discontinuous Piecewise-Smooth One-Dimensional Maps. Invariant Sets and Bifurcation Structures, by V. Avrutin, L.Gardini, I. Sushko, and F. Tramontana, World Scientific Series on Nonlinear Science Series A: Volume 95, 2019, ISBN: 978-981-4368-82-7, Journal of Difference Equations and Applications, 2021, 27(8), 1259–1261.

Ph.D. Thesis:

Essays on Nonlinear Dynamics, Heterogeneous Agents and Evolutionary Games in Economics and Finance, 2014, DTs in Economics, Applied Mathematics and Operational Research, available online: READ .

Working Papers

Pricing Transition Risk with a Jump-Diffusion Credit Risk Model: Evidences from the CDS market, with G. Livieri and E. Smaniotto. Preprint arXiv:2303.12483, 2023 - arxiv.org.
Remarks on the paper: "Non-existence of Shilnikov chaos in continuous-time systems", with L. Gardini. Preprint arXiv:1404.1463, 2014 - arxiv.org.

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